Economy

The speaker of South Korea’s National Assembly has officially signed and delivered the impeachment motion against President Yoon Suk Yeol to the Constitutional Court. The historic decision marks the third…

Few could have predicted the remarkable market performance in 2024. Starting the year with low equity valuations, recessionary warnings, and cautious investor sentiment, the stage seemed set for challenges. Yet,…

Major US equity averages fell on Thursday as investors assessed a hotter-than-expected producer price index reading for November.  At the time of writing, the Dow Jones Industrial Average was down…

Indian equity markets witnessed a steep sell-off on Friday, with the benchmark indices Sensex and Nifty shedding over 1%. The Sensex dropped 1,147 points, or 1.41%, to 80,142, while the…

The German economy, long considered a powerhouse of global trade, experienced an unexpected setback in October, with exports declining more than anticipated. This downturn casts a shadow on hopes for…

The European Central Bank (ECB) has cut its deposit rate for the fourth time this year, reducing it to 3%. Starting from a record high of 4% in June, it…

The UK economy has unexpectedly contracted for the second consecutive month in October, a concerning development that highlights the economic challenges faced by the new Labour government led by Prime…

The Bank of Canada (BoC) is preparing to make a substantial statement regarding decreasing its key policy interest rate, with strong expectations for a 50 basis point fall on Wednesday.…

The European automobile industry finds itself at a critical juncture as it transitions toward electrification. Mounting competition from Chinese manufacturers, stricter carbon regulations, and subdued demand for electric vehicles (EVs)…